Bank of Canada holds rate, signals worst of pandemic’s impact may be over

Financial Post | Jun 3, 2020 at 6:13 PM
  • Stephen Poloz oversaw the rescue and Tiff Macklem will pilot the recovery.
  • Assuming that funding markets remain stable, the debate will shift to what the central bank could do to stoke a faster recovery.
  • With the benchmark rate essentially as low as it can go without seriously distorting the financial system, the next best option for the central bank is likely to increase its purchases of financial assets.